This L3Harris Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have downgraded several notable stocks. Baird downgraded Five9, Inc. (FIVN) from Outperform to Neutral, lowering the price target from $90 to $40. Morgan Stanley downgraded L3Harris Technologies, Inc. (LHX) from Overweight to Equal-Weight, cutting the price target from $275 to $257. Raymond James downgraded Nerdy, Inc. (NRDY) from Outperform to Market Perform. Truist Securities downgraded Karat Packaging Inc. (KRT) from Buy to Hold, reducing the price target from $34 to $28. Piper Sandler downgraded Eventbrite, Inc. (EB) from Overweight to Neutral, lowering the price target from $9 to $4.
August 09, 2024 | 10:43 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Truist Securities downgraded Karat Packaging Inc. from Buy to Hold, reducing the price target from $34 to $28. Shares gained 0.2% to close at $27.99 on Thursday.
The downgrade from Buy to Hold and price target reduction suggests a more cautious outlook, but the minimal share price change indicates a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100
NEUTRAL IMPACT
Raymond James downgraded Nerdy, Inc. from Outperform to Market Perform. Shares gained 8.2% to close at $1.59 on Thursday.
The downgrade to Market Perform suggests a neutral outlook. Despite the downgrade, the stock gained 8.2%, indicating mixed short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Piper Sandler downgraded Eventbrite, Inc. from Overweight to Neutral, lowering the price target from $9 to $4. Shares fell 2.1% to close at $3.80 on Thursday.
The downgrade from Overweight to Neutral and significant price target cut from $9 to $4 suggests a negative outlook, likely leading to short-term price pressure.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Baird downgraded Five9, Inc. from Outperform to Neutral, lowering the price target from $90 to $40. Shares gained 2.9% to close at $42.47 on Thursday.
The downgrade from Outperform to Neutral and significant price target cut from $90 to $40 suggests a negative outlook, likely leading to short-term price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley downgraded L3Harris Technologies, Inc. from Overweight to Equal-Weight, reducing the price target from $275 to $257. Shares gained 1.7% to close at $230.62 on Thursday.
The downgrade from Overweight to Equal-Weight and price target reduction indicates a less bullish outlook, which may result in short-term price pressure.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100